The elimination of scandal-tinged contingent commissions contributed to a 44 percent drop in Willis Group Holdings Limited’s net income for the fourth quarter of 2005, the company said.

The London-based insurance brokerage firm reported net income dropped $48 million in the fourth quarter, going from $108 million, or 65 cents a share, to $60 million, or 38 cents a share. Revenues declined 4 percent, or $26 million, from $588 million to $562 million.

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